Online College Courses for Credit

+
A Complex Trust Has Taxable Income Of $29,900 In 2013.

A Complex Trust Has Taxable Income Of $29,900 In 2013.

Rating:
Rating
(0)
Author: Robert Montan
Description:

Click here to buy :https://www.homeworkmarket.com/questions/a-complex-trust-has-taxable-income-of-dollar29900-in-2013.

 A complex trust has taxable income of $29,900 in 2013. The $29,900 includes $5,000 of long-term capital gains and $25,000 of taxable interest income, reduced by the $100 personal exemption. The trust makes no distributions during the year. 

 
ESTATES AND TRUSTS
If taxable income is:
The tax is:
Not over $2,450 . . . . . . . . . . . . . . . . . . . . .
15% of taxable income.
Over $2,450 but not over $5,700 . . . . . . . .
$367.50, plus 25% of the excess over $2,450.
Over $5,700 but not over $8,750 . . . . . . . .
$1,180.00, plus 28% of the excess over $5,700.
Over $8,750 but not over $11,950 . . . . . . .
$2,034.00, plus 33% of the excess over $8,750.
Over $11,950 . . . . . . . . . . . . . . . . . . . . . . .
$3,090.00, plus 39.6% of the excess over $11,950.
Single
If taxable income is:
The tax is:
Not over $8,925 . . . . . . . . . . . . . . . . . . .


(more)
See More
Fast, Free College Credit

Developing Effective Teams

Let's Ride
*No strings attached. This college course is 100% free and is worth 1 semester credit.

37 Sophia partners guarantee credit transfer.

299 Institutions have accepted or given pre-approval for credit transfer.

* The American Council on Education's College Credit Recommendation Service (ACE Credit®) has evaluated and recommended college credit for 32 of Sophia’s online courses. Many different colleges and universities consider ACE CREDIT recommendations in determining the applicability to their course and degree programs.

Tutorial